Which of the following statements best describes the risk governance role and responsibility of a corporate board of directors?
Select one:
A. To establish risk management policies, to define risk management roles and responsibilities, and to set risk management implementation goals.
B. To convert strategy into operational objectives and to identify and assess the impact of risks on the achievement of the objectives
C. To set the organization's risk appetite and to stay informed of the most significant risks to the organization and management's responses.
D. To assign risk management procedures for day-to-day functions and internal controls.
C. To set the organization's risk appetite and to stay informed of the most significant risks to the organization and management's